Nashville Real Estate Market: Trends

As spring moves in, we predict the Nashville market will thrive and continue its significant growth in and around Music City. Which makes now a good time to look back over the past few months, in this Nashville trends and real estate sales round up.

When it comes to price, the median sale for homes during the 4th quarter of 2014 in Nashville was $202,000 in Davidson, and $394,500 in Williamson county. Over the last 5 years, sales prices in Nashville have appreciated 28.2%. GNAR (Greater Nashville Association of Realtors) breaks down the 2014 4th quarter sales for residential sales and median as well as the condominium sales and median here.

There were 1,697 residential closings in Nashville in February 2015, up 1,589 from January — as reported by GNAR. It is clear Nashville’s growth is continuing to develop, with more people moving in from out-of-state, and neighborhoods expanding to include more and more newcomers.

Some of the more popular Nashville neighborhoods, in terms of sales over the period mentioned above, include Inglewood, West Meade, Urbandale Nations, Glencliff, Hillwood, and Sylvan Park.

As spring is in bloom around us, it’s clear the Nashville real estate market is blossoming as well. Are you in the market for an amazing Nashville home or property? We’d love to help! Give us a call or drop us a line today.